M&A Deal Summary

Supreme Cannabis Acquires Truverra

On July 17, 2019, Supreme Cannabis acquired consumer products company Truverra for 15M CAD

Acquisition Highlights
  • This is Supreme Cannabis’ 2nd transaction in the Consumer Products sector.
  • This is Supreme Cannabis’ 0th largest (disclosed) transaction.
  • This is Supreme Cannabis’ 2nd transaction in Canada.
  • This is Supreme Cannabis’ 1st transaction in Ontario.

M&A Deal Summary
Date 2019-07-17
Target Truverra
Sector Consumer Products
Buyer(s) Supreme Cannabis
Deal Type Add-on Acquisition
Deal Value 15M CAD

Target

Truverra

Toronto, Ontario, Canada
website
Truverra, Inc. is a private cannabis company, serving the Canadian and international cannabis markets through its wholly-owned subsidiaries, Canadian Clinical Cannabinoids Inc. Canadian Clinical Cannabinoids operates a 5,000 square-foot Health Canada licensed facility in Scarborough, Ontario.

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Buyer(S) 1

Buyer

Supreme Cannabis

Toronto, Ontario, Canada

website

Category Company
Founded 1979
Sector Consumer Products
Revenue 40M CAD (2020)
DESCRIPTION

Supreme Cannabis is a globally diversified portfolio of distinct cannabis companies, products, and brands. Supreme Cannabis’ portfolio includes 7ACRES, its wholly-owned subsidiary, and multi-award-winning brand; Cambium Plant Sciences, plant genetics, and cultivation IP company; Medigrow Lesotho, a cannabis oil producer located in southern Africa; and a brand partnership and licensing deal with Khalifa Kush Enterprises Canada. Supreme Cannabis Company was founded in 1979 and is based in Toronto, Canada.

DEAL STATS #
Overall 2 of 2
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 BlissCo Cannabis

Vancouver, British Columbia, Canada

BlissCo Cannabis Corp. is a Canadian wellness cannabis brand based in British Columbia and a multi-licensed processor, cultivator, and distributor of premium cannabis. Blissco owns and operates an 18,000 square foot, state-of-the-art extraction, processing, and cultivation facility located in Metro Vancouver, British Columbia. Blissco is supplying premium cannabis and Reserve whole flower and dried flower pre-rolls to the Canadian market with supply agreements in British Columbia, Alberta, Saskatchewan, and New Brunswick.

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